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Impressive Growth in Cyprus Tourism Revenue: €223.3m in Q1 2024, Surging 11.7% YoY

Revenue from tourism reached an estimated €223.3m in January–March 2024, rising 11.7% compared to €200m in the first quarter of 2023, Cystat said.

Based on the results of its Passengers Survey, in March, revenue from tourism reached €113m, compared to €97.8m in the corresponding month of 2023, recording an increase of 15.5%.

The average expenditure per person was €558.88 in March 2024 compared to €530.72 in March 2023 (up 5.3%).

Tourists from the United Kingdom, again Cyprus’ largest tourist market with 31.8% of the total in March, spent on average €73.49 per day, while tourists from Poland, the second largest market with 10.4% of total tourists, spent on average €75.86.

Tourists from Germany, the third largest market with 9.8%, spent on average €98.66 per day, while tourists from Greece with 9% of the market, spent on average €43.37 per day.

Finally, tourists from Israel, the fifth place on the market with 8.2%, spent on average €143.21 per day.

Greece Remains Top Destination For Cypriot Travelers With 600,000 Visits

Greece remains the most visited destination for travelers from Cyprus, with close to 600,000 Cypriots visiting in the previous year. The figures reflect continued travel flows between the two countries as tourism patterns evolve.

New Initiatives Targeting Cypriot Travelers

At an event organised by the Greek National Tourism Organisation, officials presented measures aimed at maintaining and expanding interest from Cypriot travelers. Athena Spakouri, board director at the organisation, said the approach includes promoting both established destinations and less-visited regions, with a focus on local experiences.

Enhanced Connectivity And Cultural Ties

Travel links between Greece and Cyprus continue to support tourism activity. Konstantinos Kollias, Greek Ambassador to Cyprus, referred to frequent flights, short travel times, and ferry connections such as the Limassol–Piraeus route. These links contribute to consistent travel demand and reflect ongoing cultural and economic connections between the two countries.

Diversification Of Tourism Offerings

Tourism strategy also includes expanding beyond traditional beach travel into segments such as cultural tourism, religious travel, gastronomy, agrotourism, and ecotourism. This broader offering is intended to attract different visitor groups and extend travel activity across seasons. Airlines, including Aegean Airlines, Sky Express, and Cyprus Airways, are expected to support connectivity through expanded schedules.

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